Macro
China witnesses robust culture, tourism consumption
Nighttime activities and cultural tours boomed in China in 2019 and drove the development of China's culture and travel consumption, according to a series of reports released Thursday.
Financials
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China cuts electricity costs of enterprises from February to June
The electricity price of enterprise users except those in high energy consuming sectors will be cut by 5 percent from Feb. 1 to June 30.
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China's real estate prices see lower growth rates at the end of 2019
China's real estate prices saw lower growth rates at the end of 2019 from a year earlier, official data showed.
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Companies
China's Huawei strives to promote innovation among youth in Malawi
China's tech giant Huawei has pushed its strides in promoting innovation through technology empowerment among the youth in Malawi.
Lenovo registers record high quarterly earnings
Chinese tech giant Lenovo reported record highs of quarterly revenue and pre-tax profit in the third quarter of the 2019/2020 fiscal year as its smart devices and services businesses further gained ground.
Wanda ups financial support for epidemic-stressed merchants
Chinese commercial property giant Dalian Wanda Commercial Management Group Co., Ltd. has decided to ramp up support for its over 60,000 merchant partners to tide over the novel coronavirus outbreak.
